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    San Luis Obispo, CA
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    San Luis Obispo, CA Hotels for Sale

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    Construction-Ready Hotel Site
    Updated: Jul 11
    Construction-Ready Hotel Site

    2223 Monterey St, San Luis Obispo, CA 93401

    Contact for pricing
    4.21 AC lot
    Fully entitled for an 83‑key hotel on a freeway‑adjacent site
    4.21‑acre property along US Highway 101 with 46,500 CPD
    Construction‑ready opportunity with immediate highway access
    Can be re‑entitled as a mixed‑use project with allowed residential and commercial uses
    Former site of the original Motel Inn, the “World’s First Motel”
    View details
    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 1 Active listings in San Luis Obispo, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    78-Key Branded Hotel
    78-Key Branded Hotel

    775 North Oak Park Boulevard, Grover Beach, CA 93433

    Contact for pricing
    43,040 sqft

    Most property improvement work was completed in 2025, supporting continued hotel operations in Grover Beach.

    View details
    La Quinta Hotel with 129 Keys
    La Quinta Hotel with 129 Keys

    2926 E Tulare Ave, Fresno, CA 93721

    Contact for pricing
    54,534 sqft

    Upper midscale lodging asset with commercial zoning, brand affiliation, and access to downtown, transportation routes, and nearby demand generators.

    View details
    Commercial Land With Existing Uses
    Commercial Land With Existing Uses

    6909 W Parr Ave, Fresno, CA 93722

    Contact for pricing
    0.32 AC lot

    Commercial land with fuel and hotel uses, positioned near Highway 99 and a retail and residential corridor.

    View details
    Bay View Inn, Morro Bay
    Bay View Inn, Morro Bay

    225 Harbor St, Morro Bay, CA 93442

    Contact for pricing

    23-room coastal property near harbor and Embarcadero.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Beach Front
    Commercial Land with Beach Front

    Atascadero Road, Morro Bay, CA 93442

    $3,900,000
    3.73 AC lot

    CVS-zoned commercial land with beach frontage and public water service in Morro Bay.

    View details
    Nipomo Commercial Land For Sale
    Nipomo Commercial Land For Sale

    549 Hill Nipomo Ca, Nipomo, CA 93444

    $380,000
    50,529 sqft 1.16 AC lot

    1.16 acre commercial land with development potential in Nipomo.

    View details
    C3 Commercial Land Parcel
    C3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $1,400,000
    2.20 AC lot

    Build-ready commercial land with completed improvements, fiber optic service, and public water in Paso Robles.

    View details
    C3 Commercial Land Parcel
    C3 Commercial Land Parcel

    Wisteria Lane, Paso Robles, CA 93446

    $2,900,000
    4.72 AC lot

    C3 zoning with completed on-site and off-site improvements, including fiber optic service.

    View details

    Off-Market Properties in San Luis Obispo, CA

    Consider similar Off-Market properties in San Luis Obispo, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1473 Monterey St
    HOTEL

    1473 Monterey St, San Luis Obispo, CA 93401-2925

    Estimated value:
    $1,395,000
    4,248 sqft 0.15 AC lot
    View details
    951 Monterey St
    HOTEL/MOTEL

    951 Monterey St, San Luis Obispo, CA 93401-3204

    Estimated value:
    $12,920,000
    40,904 sqft 0.33 AC lot
    View details
    1212 Gdn St
    HOTEL

    1212 Gdn St, San Luis Obispo, CA 93401-3914

    Estimated value:
    $2,990,000
    6,499 sqft 0.16 AC lot
    View details
    1716 Osos St
    HOTEL

    1716 Osos St, San Luis Obispo, CA 93401-4446

    Estimated value:
    $415,000
    3,510 sqft 0.24 AC lot
    View details
    951 Avila Bch Dr
    HOTEL

    951 Avila Bch Dr, San Luis Obispo, CA 93405

    Estimated value:
    $560,000
    2,344 sqft 1.55 AC lot
    View details
    978 Olive St
    HOTEL

    978 Olive St, San Luis Obispo, CA 93405-2360

    Estimated value:
    $430,000
    2,966 sqft 0.13 AC lot
    View details
    1930 Monterey St
    HOTEL/MOTEL

    1930 Monterey St, San Luis Obispo, CA 93401-2616

    Estimated value:
    $3,310,000
    9,590 sqft
    View details

    San Luis Obispo, CA Hotels Market Trends and Statistics

    Explore 8 hotels for sale in San Luis Obispo, CA on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2
    Bed & breakfasts 1

    Demographics Overview

    Population 79K
    Population Growth (5Y) -12.3%
    Median Household Income $82,388
    College Educated 27.6%

    Taxes & Financing

    Tax Rate (average for all types) 1.14%
    Property Tax per SF $13.51 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in San Luis Obispo County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in San Luis Obispo fall within the 10,000 to 25,000 square foot range.

    How Realmo verifies these figures

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    Featured San Luis Obispo Real Estate Agencies

    Realmo connects you with licensed San Luis Obispo CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Richardson Properties, Inc.
    735 Tank Farm Road, Suite 130 San Luis Obispo, CA 93401
    Phone: 18057816040
    www.richardsonproperties.com
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